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China Trade Summary

2020

China exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CHINA 2020

Overall Exports and Imports for China 2020

Exports and imports of China in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,589,098 million.
  • The total value of imports (CIF) was 2,069,568 million.
  • At the HS6 digit level, 4,400 products were exported to 214 countries and 4,410 products were imported from 214 countries.

China top 5 Export and Import partners 2020

Top five countries to which China exported in 2020 are below, along with the percent of total exports that went to that country:

  1. China exports to United States worth US$ 452,493 million, with a partner share of 17.48 percent.
  2. China exports to Hong Kong, China worth US$ 271,708 million, with a partner share of 10.49 percent.
  3. China exports to Japan worth US$ 142,597 million, with a partner share of 5.51 percent.
  4. China exports to Vietnam worth US$ 113,815 million, with a partner share of 4.40 percent.
  5. China exports to Korea, Rep. worth US$ 112,476 million, with a partner share of 4.34 percent.

Top five countries from which China imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. China imports from Other Asia, nes worth US$ 200,498 million, with a partner share of 9.69 percent.
  2. China imports from Japan worth US$ 174,655 million, with a partner share of 8.44 percent.
  3. China imports from Korea, Rep. worth US$ 173,100 million, with a partner share of 8.36 percent.
  4. China imports from United States worth US$ 136,340 million, with a partner share of 6.59 percent.
  5. China imports from China worth US$ 125,264 million, with a partner share of 6.05 percent.

China Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by China along with trade value are:

  1. China exported Transmission apparatus, for radioteleph incorpo , worth 176,416,596.53 (US$ Thousands).
  2. China exported Monolithic integrated circuits, digital , worth 117,640,236.61 (US$ Thousands).
  3. China exported Storage units, whether or not presented with th , worth 115,316,392.65 (US$ Thousands).
  4. China exported Parts and accessories of automatic data process , worth 73,194,271.68 (US$ Thousands).
  5. China exported Made up articles (incl. dress patterns), nes , worth 53,720,966.28 (US$ Thousands).

The top five imported HS 6 digit level products from world by China along with trade value are

  1. China imported Monolithic integrated circuits, digital , worth 350,291,022.82 (US$ Thousands).
  2. China imported Petroleum oils and oils obtained from bituminou , worth 178,452,854.86 (US$ Thousands).
  3. China imported Non-agglomerated iron ores and concentrates , worth 117,933,229.00 (US$ Thousands).
  4. China imported Parts and accessories of automatic data process , worth 48,242,182.01 (US$ Thousands).
  5. China imported Soya beans , worth 39,545,574.15 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by China in 2020 are below

  • The maximum rate of tariff in percentage on any product was 474.37 percent.
  • The simple average tariff across all products was 5.32 percent.
  • The trade weighted average tariff was 2.47 .
  • The total duty free imports in thousands of US dollars were 946,107,060.75 and duty free tariff line items share was 31.18 percent.

Development Indicators 2020

Key Development Indicators of China in 2020 are below

  • China GDP in current US dollar was 14,687,744 million.
  • GNI per capita, Atlas method (current US$) was 10,520.00 .
  • China Trade balance: as % of GDP was 2.42.
  • Trade balance in current US$ was 355,147.00 million.
  • Trade as percentage of GDP was 34.75 .
  • Trade in services as percentage of GDP was 4.16 .

Trade Indicators 2020

Trade Indicators for China in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 56.65.
  • World Growth in percentage was -3.77 and China Country Growth was -0.82 .